Yiren Digital Ltd. (NYSE:YRD - Get Free Report)'s share price rose 7.4% on Thursday . The company traded as high as $6.80 and last traded at $6.88. Approximately 97,533 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 144,282 shares. The stock had previously closed at $6.40.
Yiren Digital Stock Up 0.1%
The business's 50-day simple moving average is $6.22 and its two-hundred day simple moving average is $5.94. The firm has a market cap of $605.71 million, a price-to-earnings ratio of 2.42 and a beta of 0.77.
Yiren Digital (NYSE:YRD - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $0.52 earnings per share for the quarter. Yiren Digital had a net margin of 32.37% and a return on equity of 20.85%. The firm had revenue of $198.95 million during the quarter.
Yiren Digital Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a $0.22 dividend. This represents a dividend yield of 2.6%. This is a boost from Yiren Digital's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Wednesday, April 30th. Yiren Digital's dividend payout ratio is 15.94%.
Institutional Trading of Yiren Digital
Hedge funds have recently bought and sold shares of the business. AXA S.A. raised its holdings in Yiren Digital by 80.7% in the 4th quarter. AXA S.A. now owns 11,562 shares of the technology company's stock valued at $55,000 after acquiring an additional 5,165 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Yiren Digital in the fourth quarter valued at approximately $61,000. Invesco Ltd. acquired a new stake in shares of Yiren Digital in the fourth quarter valued at approximately $71,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Yiren Digital in the 1st quarter worth $103,000. Finally, American Century Companies Inc. acquired a new stake in shares of Yiren Digital in the 4th quarter worth $107,000. Institutional investors and hedge funds own 1.99% of the company's stock.
About Yiren Digital
(
Get Free Report)
Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.
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